Seadrill Limited June 15th Short Interest Update

Seadrill Limited (NYSE:SDRL) has shown a drop of 2.6% or 1,720,304 shares in the short positions. The bets have increased to 63,903,069 shares on June 15,2016 from 65,623,373 shares on May 31,2016. With respect to the floated shares, the shorts are 18.6%. The days to cover are calculated to be 6, using the standard per day volume of 9,913,885 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Seadrill Limited (NYSE:SDRL): The stock opened at $3.13 on Friday but the bulls could not build on the opening and the stock topped out at $3.38 for the day. The stock traded down to $3.12 during the day, due to lack of any buying support eventually closed down at $3.38 with a loss of -0.88% for the day. The stock had closed at $3.41 on the previous day. The total traded volume was 41,942,369 shares.

The company shares have dropped -67.59% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $10.64 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $3.42 and the 200 Day Moving Average price is recorded at $3.22.

Seadrill Limited (NYSE:SDRL) has tumbled 1.46% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 3.36% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.18% and the outperformance has advanced to 6.49% for the last 4 weeks period.

Seadrill Limited is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Companys primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow and deep water areas, as well as benign and harsh environments. The Company has three operating segments: Floaters, Jack-ups rigs and Other. The Companys Floaters segment includes drillships and semi-submersible rigs. The Companys Jack-ups rigs segment includes jack-up rigs. The Companys Other segment consists primarily of rig management services. The Company, through its subsidiaries, owns and operates its offshore drilling units and makes investments in other offshore drilling and oil services companies. Its subsidiaries include North Atlantic Drilling Ltd, Sevan Drilling ASA and Asia Offshore Drilling. It owns and operates approximately 43 offshore drilling units and has 16 offshore drilling units under construction.

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